Netflix (NFLX) having topped revenue estimates this morning, it's testing a significant overhead price ceiling at 556.60 that can contain buying into Q2.
From here, (NFLX) is susceptible to falling lower to near term support. A settlement below this support level would lead to significant losses into later year.
Inversely, a weekly settlement above the shown price ceiling would put Netflix (NFLX) into a buy signal where the November 2021, 700.98 all time high would be in reach over the next 3 - 5 months.
Comments